Are you a property manager in Sydney who is looking for ways to increase your revenue? If so, you may be wondering about the different types of fees that you can charge your clients. This article will discuss Sydney’s most common property management fees and what they are used for. We will also provide tips on maximizing profits while giving excellent service to your clients!
>> When it comes to property management fees Sydney, there are several types that you may want to be familiar with. The first is a fee for advertising the property on popular rental listing sites like Craigslist and Zillow. This fee is generally around $5-10 per ad, and the cost will depend on the number and length of ads you post.
>> Another standard fee for property managers in Sydney is a leasing commission or finder’s fee. A leasing commission is typically charged when a tenant signs their lease agreement for one of your properties. Typically, this commission ranges between 1-3 months’ worth of rent or 10% – 15% of the annual rent amount, whichever is less. However, suppose the manager can find a tenant for your property in a shorter time than usual. In that case, you can negotiate this fee down.
>> Finally, many property managers will also charge an inspection fee each time they inspect one of their properties. In addition to overseeing repairs and ensuring everything is running smoothly and legally, they need to ensure that your tenants take care of the space. This inspection fee can range between $15-25 per visit, but it’s well worth the peace of mind that you’ll have to know that responsible tenants are adequately maintaining your properties.
We hope this information has been helpful to you.
